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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Zincman who wrote (100727)8/12/2009 8:16:22 PM
From: loantech6 Recommendations  Read Replies (1) of 116555
 
<Evey single person who has predicted the final fall and devastating collapse of the US has been wrong>

The fallacy in your theory is that when and IF that ONE person comes along that is right we are in a world of hurt for a period of time. Of course at one time Holland, Spain, Portugal and Italy were all world leaders and their empires crumbled and I still view them as great places to live even though I have never been to one of those countries.

You and others argue that things may be great or that things may never crumble or things may never get bad and for a % of the population that is true. But for those who just filed a small business bankruptcy or just filed for unemployment they may think things are rotten in DenmarK.

Take this quote for something to ponder on while each of us enjoy our evening cocktail and Bar B Q:

<The US Department of Agriculture announced that 34.4 million people received food assistance in the month of May in the United States.>

I guess that things may be a bit bad for those people even with rose colored glasses but hey let them eat cake!

So I guess that we disagree. Sure in the long run things will be okay we have to say that to face each day. But for some tings just may a pretty tough haul right now.

Best,
Tom
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